Imperial Petroleum (FRA:AR2) Cyclically Adjusted PB Ratio: 0.08 (As of Jul. 22, 2026) — 14% Above Median

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FRA:AR2 Imperial Petroleum Inc FRA:AR2
49 GF Score
Price €3.84
GF Value €2.59
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Imperial Petroleum Cyclically Adjusted PB Ratio?

Imperial Petroleum FRA:AR2 -2.54% 49 Cyclically Adjusted PB Ratio is 0.08 as of Jul. 22, 2026, which is 14% above its 10-year median of 0.07. GuruFocus rates FRA:AR2 with a GF Score™ of 49/100 and a GF Value™ of €2.59 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 771 Oil & Gas companies, Imperial Petroleum ranks better than 95.33% on this metric.

As of today (2026-07-22), Imperial Petroleum's current share price is €3.84. Imperial Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €50.38. Imperial Petroleum's Cyclically Adjusted PB Ratio for today is 0.08.

The historical rank and industry rank for Imperial Petroleum's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:AR2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.07   Max: 1.15
Current: 0.08

During the past years, Imperial Petroleum's highest Cyclically Adjusted PB Ratio was 1.15. The lowest was 0.03. And the median was 0.07.

FRA:AR2's Cyclically Adjusted PB Ratio is ranked better than
95.33% of 771 companies
in the Oil & Gas industry
Industry Median: 1.2 vs FRA:AR2: 0.08

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Imperial Petroleum's adjusted book value per share data for the three months ended in Mar. 2026 was €10.694. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €50.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Imperial Petroleum  (FRA:AR2) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Imperial Petroleum Cyclically Adjusted PB Ratio Related Terms


Imperial Petroleum Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Imperial Petroleum's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Imperial Petroleum Cyclically Adjusted PB Ratio Chart

Imperial Petroleum Annual Data
Trend Jul09 Jul10 Jul11 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.07 0.05 0.06 0.06

Imperial Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.06 0.08 0.06 0.07

FRA:AR2 vs TORO, DLNG, NFE: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Midstream subindustry, Imperial Petroleum's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Imperial Petroleum Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Imperial Petroleum's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Imperial Petroleum's Cyclically Adjusted PB Ratio falls into.


FRA:AR2
49GF Score
Imperial Petroleum Inc FRA:AR2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Petroleum Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Imperial Petroleum's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.84/50.38
=0.08

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Imperial Petroleum's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Imperial Petroleum's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.694/124.8200*124.8200
=10.694

Current CPI (Mar. 2026) = 124.8200.

Imperial Petroleum Quarterly Data

Book Value per Share CPI Adj_Book
200807 -5.554 93.728 -7.396
200810 -6.870 94.665 -9.058
200901 -7.376 93.520 -9.845
200904 0.866 94.799 1.140
200907 0.037 94.261 0.049
200910 0.025 95.819 0.033
201001 0.022 95.743 0.029
201004 0.013 99.388 0.016
201007 -0.575 99.439 -0.722
201010 -0.470 100.810 -0.582
201101 -0.397 100.722 -0.492
201104 -0.205 103.292 -0.248
201107 0.009 101.823 0.011
201110 0.011 103.832 0.013
201201 -0.119 103.059 -0.144
201204 -0.178 105.258 -0.211
201912 406.648 102.120 497.039
202009 0.000 99.886 0.000
202012 346.538 99.751 433.629
202103 0.000 99.817 0.000
202106 0.000 101.270 0.000
202109 328.230 102.095 401.289
202112 269.223 104.853 320.490
202203 36.375 108.651 41.788
202206 18.867 113.517 20.746
202209 21.328 114.371 23.277
202212 20.496 112.428 22.755
202303 19.486 113.620 21.407
202306 17.565 115.515 18.980
202309 13.160 116.234 14.132
202312 11.144 116.364 11.954
202403 11.954 117.285 12.722
202406 12.214 118.129 12.906
202409 11.115 119.650 11.595
202412 11.807 119.360 12.347
202503 11.622 120.133 12.075
202506 11.221 121.399 11.537
202509 10.795 121.950 11.049
202512 10.153 122.450 10.350
202603 10.694 124.820 10.694

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.08 mean?
Imperial Petroleum (FRA:AR2) has a Cyclically Adjusted PB Ratio of 0.08 as of Jul. 22, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Imperial Petroleum and its competitors. This is 14% above median its historical median of 0.07. Over the past decade, Imperial Petroleum's Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.15. According to the industry distribution chart, Imperial Petroleum ranks #36 out of 771 companies in the Oil & Gas industry, placing it in the top 4.7%.
Is Imperial Petroleum's Cyclically Adjusted PB Ratio too high?
Imperial Petroleum's current Cyclically Adjusted PB Ratio of 0.08 is 14% above median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.15. The Oil & Gas industry median Cyclically Adjusted PB Ratio is 1.20. Imperial Petroleum's value of 0.08 is 93.3% below this industry median. Based on the distribution chart, Imperial Petroleum ranks #36 out of 771 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Imperial Petroleum has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Petroleum's Cyclically Adjusted PB Ratio compare to TORO and DLNG?
According to the Oil & Gas industry distribution chart, Imperial Petroleum ranks #36 out of 771 companies for Cyclically Adjusted PB Ratio. This places Imperial Petroleum in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.20. Imperial Petroleum's value of 0.08 is 93.3% below this benchmark. Historically, Imperial Petroleum's own Cyclically Adjusted PB Ratio has ranged from 0.03 to 1.15 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 1.20, Imperial Petroleum has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Oil & Gas company?
The median Cyclically Adjusted PB Ratio among Oil & Gas companies is 1.20, based on 771 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Imperial Petroleum's current Cyclically Adjusted PB Ratio of 0.08 is 93.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Imperial Petroleum and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imperial Petroleum's current Cyclically Adjusted PB Ratio is 0.08, which is 14% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Imperial Petroleum (FRA:AR2) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.59, compared to a current price of €3.84 — trading 48.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.08, which is 14% above median its 10-year median of 0.07 and 93.3% below the Oil & Gas industry median of 1.20. Imperial Petroleum's overall GF Score™ is 49/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Imperial Petroleum (FRA:AR2), the current Cyclically Adjusted PB Ratio is 0.08 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Imperial Petroleum (FRA:AR2) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Petroleum stock appears to be overvalued. The current stock price of €3.84 is trading 48.3% above its estimated GF Value™ of €2.59. GuruFocus considers Imperial Petroleum to be Significantly Overvalued.

Key valuation signals for FRA:AR2:

  • Cyclically Adjusted PB Ratio: 0.08 (14% above median its 10-year median of 0.07)
  • GF Value™: €2.59 vs. price of €3.84 (48.3% above fair value)
  • GF Score™: 49/100 with 2 warning signs
  • Industry Position: 93.3% below the Oil & Gas median (#36 of 771)

No single metric tells the full story. See the FRA:AR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Imperial Petroleum Business Description

Industry EnergyOil & Gas
Other Exchanges IMPP:USA
Address 331 Kifissias Avenue, Erithrea, Athens, GRC, 14561
Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
49GF Score

Get the complete analysis for FRA:AR2

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.84
Price
€2.59
GF Value